61951, Sullivan, IL

The Sullivan, Illinois 61951 zip code has a population of around 10,000 people. The median home value in the zip code is $137,500. Home equity in this zip code is high compared to other areas of Illinois. In fact, the median home equity in Illinois is only $60,000. This high level of home equity may be due to the strong economy and low interest rates in Sullivan.

Another factor that may contribute to the high level of home equity in this area is the low number of foreclosures in Sullivan. There have been only six foreclosure filings in the past three years which is far lower than most areas of Illinois. This indicates that homeowners here are able to maintain their homes and keep them values high.

Home prices in Sullivan have been rising steadily for the past few years. The average price increase over the past three years has been 5%. This indicates that there is strong demand for homes in this area and that homeowners are able to sell their homes at a higher price than they bought them for.